Wednesday, 26 November 2014
Last updated 3 hours ago
Apr 27 2011 | 9:06am ET
New York-based Camac Partners has launched its first hedge fund, a global special situations vehicle. The new fund invests in several asset classes and seeks to “uncover situations that have a severe lack of competition, coupled with indiscriminate selling,” according to a source close to the firm.
The fund was started by Eric Shahinian, who most recently served as an analyst at Kingstown Capital, an $800 million special situations fund founded by a former Gotham Capital portfolio manager. Shahinian began his hedge fund career as an intern at The Baupost Group, which is now a $20 billion value hedge fund.
The new fund has a three year lockup and charges a management fee of 1% and performance fee of 20%. The fund may hold a significant cash balance in the absence of compelling investment opportunities. Seward and Kissel is serving as the legal advisor for the fund and BTIG is its prime broker.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...